Economist John Williams says if Russia sells its U.S. dollar holdings it could trigger hyperinflation. Could it collapse the financial system? Williams contends, “Yes, it certainly has a potential to do that. Looking outside the United States, there is something over $16 trillion dollars in cash or near cash. That’s about the same size as our GDP. If the rest of the world believes this is what’s going to happen, people who have been wanting to get out of the dollar for some time very easily could front-run the Russians. The scare is on. People will try to get out of it as rapidly as they can. We have not seen an economic recovery. We have not seen a return of health to the banking system. So the system is very vulnerable and if the Russians carry through with their threat, you have indeed the risk of it collapsing the system.”On the overall economy Williams says, “It is rolling over and the numbers are starting to show we are starting into a new recession. Join Greg Hunter as he goes One-on-One with John Williams of Shadowstats.com.

Am I the only one that sees that the governments are in collusion against their own people and are working with other governments to imprison us all? What we are witnessing is no more than a world play designed to make us all paupers.

IS JOHN WILLIAMS FOR REAL? RUSSIA WOULD NEVER EVEN THINK ABOUT DUMPING THE DOLLAR, ITS ALL JUST POSTURING, THATS IT AND NOTHING ELSE. CHINA COULD DUMP THE DOLLAR TOO, BUT WOULD THEY??? OF COURSE NOT. THEY WOULD JUST BE SHOOTING THEMSELVES IN THE FOOT.

It’s all illusion today.
that is all Williams is saying. He holds a canary from the mineshaft and it’s dead. Only idiots think the equity markets mean prosperity and good times ahead.
Little we see today is real. It’s all deception.
the markets are nothing but a deceptive smokescreen to deceive people into thinking things are ok
A trillion in QE does little but pay for the FIAT used to stifle the people’s voices with threats that their tiny bit of money will be taken away from them That is true for people using EBT, veteran pensions, Social Security and Medicare. Most of the government payments are welfare and more is on the way.
China and Russia are biding their with their USD holdings, knowing that their $1.8 trillion is sunk costs. They’ve gotten what they want from us and will dump the dollar when the time is right.
When the deceptions on this side of the ponds are no longer accepted, this will show an irremediable weakness that can use use by these two countries to take us down.
They will be hurt but their losses are something they can live with. Both countries are only 20 years beyond a century of privation, poverty and completely autocratic rule
We have the most to lose and will suffer greatly,200 years into a wealth and prosperity paradigm that will fail,with far greater losses to us than these two countries will feel. It will take at least a generation to rebuild from the damage that will follow the collapse that is as close to a forgone conclusion IMO
The $4 trillion budget proposed by the president will do absolutely nothing to remedy the pain the people now feel due to the enormous damage done to date. Those dollars do nothing but create further FIAT slavery. That will impose at least $1 trillion to $1.5 trillion in new debt to fund that budget and buy nothing but a tiny slice of time to push off the inevitable

“That will impose at least $1 trillion to $1.5 trillion in new debt to fund that budget and buy nothing but a tiny slice of time to push off the inevitable”

True, but we all know that US pols are “live for the moment” types and not long-range planners of any sort. Buying time is one of the few things that they do well. They should. They’ve had LOTS of practice at it!

No worry here the banks are loaded with cash they could stake horse the government for years. It seems there not allowed to loan to the American people. So there loaning it over seas. Hence why our economy is always in the crapper. An the dollar index is set in stone at 80. And always will be.

so true Edb I’ve noticed a lot of bankers retiring now that that game is up and a lot of Dems retiring now that they’ve found out that crap fiesta called Obamacare is spelling doom for them They up and retire with a nice pension and all the lah de dah perks of a retired Senator or Congresspimple. They get these nice lobbyist jobs, or speaking engagements. Every one bows and scrapes to these dicks— the honorable senator from Florida of Cali or some Blue state
Sheesh And we get to live with the damage they created
Heck, we’ve seen nothing but exploding budgets for 33 years, $17.5 trillion in debt and not a single one of these fiscally irresponsible sons of bitches has ever been held responsible for looting this country and lining their pockets

I was having coffee with a friend this AM and another friend came us and asked us (my friend and I are both mostly Irish so we must have been guilty by association with Irish pols LOL)) she asked up if we were planning to run for state office.
Huh?? Amazed looks. She said “I heard people in the ‘vil were being called by the state people to find people willing to run for public office; state senator or some low rank part time job
I looked at my buddy and I said
“sure, I’d run but only if I could loot the state treasury and take it with me to my island in the south seas” ‘That would be the only way I would run, I said’. ‘Taking on such a miserable thankless job—I’d need to be paid some serious bucks’.
Then I smiled and said. ‘Not happening. Harry Reid’s already looted the place and NV has one of the worst economies in the nation’

So I guess the state people are looking.
It appears that few people of any caliber are interested in this part time job. I know a few who would actually do a good job but they won’t want to run around with a sign on their back that says “KICK ME”
That means only the psychopaths will apply.

Folks I am a True American and in my older age, not much enjoyment in the country that I have grown up. Sorry to say that it is time for this country to get it’s ass kicked and kicked hard. George Washington’s words, “No Foreign Entanglements”. For the sake of the control of natural resources and I speak mainly of oil and at the expense of the loss of our boys and girls in our military. The United States has pushed too far in destabilizing other governments in the name of free democratic societies for the sake of the almighty dollar. We send drones and kill, the CIA launches programs at Washington’s behest to control other sovereigns. If another country had the same attitude which does not include terrorism in the form that we are made to believe, we attack and kill them back. Terrorism is telling us stop killing us first! The United States has been and is guilty of that fact of killing first! The “Money Changers” are largely responsible for starting wars in modern times and pretext to those wars Religion. The Chinese think that Washington is insane, and we must whole heartedly agree. When election time comes, I would rather vote for a Bus Driver with common sense than any politicians now in existence.
The United States must stop telling other countries how to live their lives and how to run their governments period. Don’t be surprised when we kill other foreigns and they want to kill us back! They have that right! I don’t blame them.

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